Market Watch

A Sampling of Advisory Opinion

A Sampling of Advisory Opinion.

How Do You Spell Stagflation? by Economic Advice 3910 N.E. 26 Ave., Lighthouse Pt., Fla., 33064 Dec.: What's S-T-A-G-F-L-A-T-I-O-N??? It's very interesting to sit back and remember how this term made the news headlines day in and day out back in the late '70s and early '80s...But, here we are, nearly a quarter century later, and up pops this antiquated term to greet us once again.

In the [late] 1970s, economists noted that inflation was rising sharply, but industrial production was stagnating. So, in order to describe...